Discover Financial Services (DFS)
| Market Cap | 43.48B |
| Revenue (ttm) | 11.69B |
| Net Income (ttm) | 3.11B |
| Shares Out | 251.07M |
| EPS (ttm) | 12.39 |
| PE Ratio | 13.98 |
| Forward PE | 13.50 |
| Dividend | $2.80 (1.62%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 1,404,140 |
| Open | 168.66 |
| Previous Close | 169.27 |
| Day's Range | 168.66 - 175.47 |
| 52-Week Range | 96.46 - 188.26 |
| Beta | 1.45 |
| Analysts | Buy |
| Price Target | 148.60 (-14.18%) |
| Earnings Date | Jan 15, 2025 |
About DFS
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep ... [Read more]
Financial Performance
In 2023, DFS's revenue was $9.84 billion, a decrease of -9.99% compared to the previous year's $10.93 billion. Earnings were $2.86 billion, a decrease of -33.29%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for DFS stock is "Buy." The 12-month stock price forecast is $148.6, which is a decrease of -14.18% from the latest price.
News
Our Top 10 Dividend Growth Stocks - December 2024
This monthly article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitati...
Capital One: Delaware's Approval Moves Discover Acquisition Closer to Completion
Capital One said Thursday (Dec. 19) that its previously announced acquisition of Discover Financial Services has moved another step toward completion by receiving approval from the Office of the Delaw...
Capital One Receives Approval of Delaware State Bank Commissioner for Acquisition of Discover Financial Services
MCLEAN, Va.--(BUSINESS WIRE)--Capital One (NYSE: COF) announced today that it received approval from the Office of the Delaware State Bank Commissioner on December 18, 2024, to complete its previously...
Capital One and Discover Announce Special Meetings of Stockholders to Be Held on February 18, 2025
MCLEAN, Va. & RIVERWOODS, Ill.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that each company intends to hold a special m...
Discover Survey: Save More, Earn More and Spend Less Are Top 2025 Financial Resolutions for American Consumers
RIVERWOODS, Ill.--(BUSINESS WIRE)--Just over half (54%) of U.S. consumers plan to make a financial resolution for 2025, according to a new national survey conducted by Discover® Personal Loans. The to...
6 Regional Bank Stocks to Buy Before Trump Names New SEC Leadership
The regional banking sector has spent much of the last two years making headlines for all the wrong reasons. Bank failures like Silicon Valley, Signature Bank, and First Republic Bank rocked the secto...
Discover Financial Services Receives NYSE Notice Regarding Filing of Form 10-Q for the Fiscal Quarter Ended September 30, 2024 and Announces Decision to Restate Certain Prior Period Financial Statements
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) (the “Company”) today announced, as required under the New York Stock Exchange (the “NYSE”) Listed Company Manual, that it re...
Telered and Discover® Global Network Sign Strategic Alliance, Increasing Acceptance for Cardholders
RIVERWOODS, Ill., & PANAMA--(BUSINESS WIRE)--Today, Telered hosted representatives from Discover Global Network to mark the beginning of their work together. Telered, through the Sistema Clave system,...
How Trump will transform banking regulation — even with Powell at the Fed
Regulatory change takes time, but Trump can make several moves immediately to gain control of bank supervision and M&A approval.
Discover® Global Network Study: Slow Payments and Fraud Prevention Are Pivotal Growth Opportunities in Consumer and Merchants Segments
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover® Global Network, a leading global payment network, released the third portion of its 2024 Payments State of the Union, the most comprehensive study of its k...
Discover Financial Services: Well-Positioned If The Acquisition Fails
Discover Financial Services is a strong investment with a P/E of ~10, robust credit metrics, and a 2% dividend, even if the Capital One acquisition fails. The company's 3Q24 results show nearly $1 bil...
New York Investigating Proposed Capital One-Discover Deal
New York Attorney General Letitia James is reportedly investigating Capital One's proposed acquisition of Discover Financial Services. James asked a court for permission to issue subpoenas to Capital ...
New York probing whether Capital One-Discover merger violates antitrust law
New York Attorney General Letitia James is investigating whether Capital One's proposed takeover of Discover Financial Services violates the state's antitrust law.
Discover CFO: Cautious Consumers Cause Slide in Card Volume
Discover Financial Service's third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution abounds, and many households are ...
Discover Financial Services (DFS) Q3 2024 Earnings Call Transcript
Discover Financial Services (NYSE:DFS) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants Erin Stieber - SVP, Financial Planning & Analysis and Investor Relations Micha...
Discover Financial, SEC Working to Resolve Misclassification Matter
The SEC's comments largely focus on the allocation of previously incurred card misclassification charges between revenue and expense, Discover said.
Discover Financial quarterly profit jumps on robust interest income, lower provisions
Discover Financial's third-quarter profit jumped 43% as the U.S. credit card issuer's net interest income climbed and its provisions for potential sour loans fell, the company said on Wednesday.
Discover Financial Services Reports Third Quarter 2024 Net Income of $965 Million or $3.69 Per Diluted Share
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Third Quarter 2024 Results 2024(1) 2023 YOY Change Total loans, end of period (in billions) $127.0 $122.7 4% Total revenue...
Discover Reaches Goal of 1,000 Active Jobs in the Chatham Area, Fulfilling 3-Year Commitment to Chicago's South Side
CHICAGO--(BUSINESS WIRE)--Discover® announced today that it has reached 1,000 active jobs as of this fall in the Chatham area. This achievement is a realization of its investment in people and its ong...
Dividend Stocks With Strong Q4 Seasonality
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have bee...
Discover Financial Services Announces Third Quarter 2024 Earnings Release on October 16, 2024, and Conference Call on October 17, 2024
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its Third quarter 2024 results after the market closes on Wednesday, October 16, 2024. The earnings release w...
Discover Financial: A High-Return, Asset-Light Play With Big Growth Potential
Discover Financial Services offers high profitability, capital returns, and growth prospects, driven by its focus on high-margin credit card operations. DFS's robust capital position, profitability, a...